PCF Wins Insurance Insider's 'M&A Transaction of the Year' Award
Today, PCF Insurance is the proud recipient of Insurance Insider's 'M&A Transaction of the Year' Award for our partnership with Insubuy, an insurtech company and online marketplace based in Dallas, Texas, focused on visitors’ insurance, international travel medical insurance, international student health insurance, exchange visitors’ insurance, and more.
This award is presented to the company for the transaction the judging panel believed made the most economic and strategic sense in the past 18 months, producing a value-adding proposition for both parties. In addition to the deal economics and rationale, judges also considered how cultural issues were dealt with, how well the deal was received by markets and investors, and how successfully its execution has progressed post-transaction.
Since the beginning, PCF Insurance has centered our strategy and outcomes on the ambitions and needs of our Agency Partners. Our business model is based on welcoming entrepreneurial, high-performing agencies who are committed to sustained, long-term growth. In turn, our partners have the freedom, support and latitude to focus on growth and deliver personalized services to their customers. Insurance is – and always will be – about relationships for PCF, and that's what makes this award so special.
Our partnership with Insubuy began during the height of the COVID-19 pandemic when travel, which comprised over 80% of Insubuy’s business, came to a halt, but the PCF Insurance team had confidence that when COVID-19 abated and travel returned, Insubuy would be well positioned to supercharge growth and resume its industry-leading position.
The highly unique and creative partnership enabled both parties to achieve their desired outcomes and created a platform for remarkable value creation and business enhancement, not just for Insubuy but also for hundreds of other PCF Agency Partners for whom Insubuy has provided a technology framework and lead generation opportunities.
In addition to Insurance Insider's 'M&A Transaction of the Year' Award, PCF Insurance has also achieved other notable awards in 2022, including Inc. Magazine's 5000 Fastest-Growing Companies in America in 2022, top acquirer by The Hales Report, ranked #20 on Business Insurance’s 2022 Top 100 Brokers and #13 on Insurance Journal’s 2022 Top Property/Casualty Agencies.
As a notable leader in the insurance space, it is the hard work and commitment of each and every team member across PCF Insurance's Agency Partner network that has propelled our company towards these outstanding achievements and incredible honors!